IREDA Shares Soar 4% on Strong Q3 Profit; Tejas Networks Plunges 13% on Loss

• IREDA shares jumped over 4% to Rs 142.3 after reporting a 37.5% YoY net profit increase to Rs 584.91 crore in Q3 FY26.
• Tejas Networks shares tumbled 13% to a 52-week low of Rs 364.25 after posting a consolidated net loss of Rs 196.55 crore in Q3 FY26.
• IREDA's revenue from operations rose over 25% YoY to Rs 2,129.87 crore, driven by healthy sanctions and disbursements in renewable energy.
• Tejas Networks' revenue from operations plummeted over 88% to Rs 306.79 crore in Q3 FY26.
• Analysts maintain a positive outlook for IREDA due to its strong performance and the growth momentum in the renewable energy sector.

Why It Matters: IREDA's strong Q3 profit growth boosted its shares, while Tejas Networks' loss led to a significant decline.